Category: Business Transactions

Question # 298: I have a question with regards to Zakat. If you have a 401K account which is sitting for a long time, how do you pay Zakat on it. Shall we deduct the tax from the total amount based on the tax bracket and pay...

Question # 288: Is it permissible to deal in Bitcoin from the perspective of Islam? Bismi-llahi r-raḥmani r-raḥīm, Assalamu ‘laikum warahmatullahi wabarakatuh, All praise and thanks are due to Allah (سبحانه و...

Question # 279: I had purchased a property, 5 years back for Rs. 1.3 lacs from an xyz company. The company had given me a buy back offer for the said purchase saying that they will buy back the property after the period of 5...

Question # 275: Assalamu aleikum va rahmatullahi va barakatuhu brother. Can you please help answer question related to insurance cards provided by employer? Can a Muslim use that card or not allowed? Or he or she can use it to...

Question # 226: As salaamu alaikum wa rahmatullahi wa barakatu. Is it permissible to invest in equity funds if not linked to debt income or one has to be sure/certain that it is shariah compliant? Can one invest in an...

Question # 224: Can the Amount Received as interest from Banks be used for our Apartment Facilities. Like building wire Fencing or buying chairs or buying a Sports equipment for apartment association. Please guide me. Which will...

Question # 178: Assalaamualaykum, Is not mentioning the truth the same as lying? If I’m selling something and the buyer asks me questions and I answer all of them truthfully but I don’t tell him anything extra which...

Question # 174: As salam alaikum! Some banks are issuing Gold certificate, whereby they act as your agent and buy gold for you and in return issue a certificate. They charge you some amount i.e. 0.15 dirham per gram of gold...

Question # 162: What banks are doing now-a-days by helping in mortgages, is it allowed as I am assuming they are dealing in interest and interest is haram? Bismi-llahi r-raḥmani r-raḥīm, Assalamu ‘laikum warahmatullahi...

Question # 119: Selling something you don’t own: There are Ahadith that prohibit such transactions; are they unconditional and understood on face value or is there more to it? Here’s a situation. A person makes an...

Question # 112: As we all know Riba (Interest) is haraam in Islam, but practically we all keep our money with banks who then lends out for interest. Even if I decide to not take interest by having a current account, fund would...

Question # 99: How is sukuk different than bonds? Investing in sukuks of Islamic banks allowed? bismi-llahi r-raḥmani r-raḥīm, Assalamu ‘laikum warahmatullahi wabarakatuh, All praise and thanks are due to Allah (سبحانه و...